South State Correspondent

MARCH 2, 2015

'A flaw in many bank’s loan production process is calculating the profitability of a non-owner occupied construction loan that is for investment purposes. These are developer-led projects built for investment and thus subject to construction and market risk. Banks that measure the wrong metrics and don’t have a robust risk management process in place are doomed to create construction loans that detract from shareholder value.

Video 207

Video Risk Management Management Marketing 207

Abrigo

MARCH 3, 2015

'By Brad Spence, Director of Enterprise & Valuation Teams, Sageworks. Many accountants are exploring opportunities to add business valuations to their menu of client services, especially as valuation demand increases and as these professionals understand valuations can generate higher profits than traditional accounting services. Offering advisory services like valuation engagements or calculations of value can also provide new options for tax accounting firms to spread work and revenue thro

Taxes 190

Taxes Compliance Strategy Report 190

Celent Banking

MARCH 1, 2015

'During the Lunar New Year, more than 100,000 Chinese visited South Korea. The way people shop in a duty free shop, or in a convenience store is quite different than before: They pay with the world’s well-known Chinese mobile payment, Alipay, the most successful case of Fintech in the world. In Seoul main streets and on Korean internet sites, we can easily find advertisements of Alipay.

Marketing 163

Marketing Metro Fintech Mobile 163

Banking 2020

MARCH 6, 2015

'Gamification. The very word is cringe-inducing, the epitome of a vaguely defined concept that consultants hype for a while but never actually has an impact. In fact, the term has to do with gaming mechanics (albeit in non-game contexts) which makes it even more fad-like. It’s also fair to ask what this has to do with banking anyway. We’re not here to play games and have fun, are we?

How To 87

How To Branding Mobile Innovation 87

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South State Correspondent

MARCH 4, 2015

'Last Friday, JP Morgan Chase (Chase) released the details of their 2014 financial performance and like an E.L. James novel; it made us a little uncomfortable. While Chase does have its weaknesses, it is dominant in several key areas that will end up threatening the core business model of community banking.

Community Bank 203

Community Bank Community Strategy US 203

Celent Banking

MARCH 6, 2015

'Next week I will be moderating a panel discussion at American Banker´s Retail Banking Conference in Austin about the competitive pressures of community institutions. It’s an important topic that Celent discussed in a report published last year: And Then There Were None: The Disappearance of Community Banks. The figures below outline the decline of banks in the US, going from 11,462 at the end of 1992 to 5,809 in 2014.

Conference 153

Conference Retail Community Austin 153

Jack Henry

MARCH 4, 2015

'Author: Barbara Kempf, BKempf@jackhenry.com. The return on a financial institution’s investment in Customer Relationship Management (CRM) is more than covering the cost of the physical tools that support good CRM and sales. The real issue is calculating the ROI on the total cost of the changes made to shift the front-line focus, placing it more sharply on the client.

Management 87

Management Training Tools System 87

South State Correspondent

MARCH 1, 2015

'Berkshire Hathaway’s annual shareholder letter is out and unlike that blue/black/white/gold dress (we really have no idea what color that dress is) meme, this letter is clearly in the color of packed insights and business lessons for all. We read all 42 pages of this 50 th anniversary letter and boiled down the most important insights plus added analysis for your consideration.

Analysis 199

Analysis 199

Abrigo

MARCH 2, 2015

'The U.S. auto industry is booming. According to Federal Reserve Economic Data (FRED), total light weight vehicle sales rose to 16.6 million in January 2015, from 15.2 million the year prior. Unsurprisingly, the sales growth also increased demand for auto loans at domestic banks. FRED reports that 25.4 percent of banks reported stronger demand for auto loans in Q4 of 2014, up from 18.8 percent in Q4 of 2013.

Risk Management 183

Risk Management Tools Conference Management 183

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Matt Wilcox Pro

MARCH 3, 2015

'(My newest article in The Financial Brand) Research shows a strong positive correlation between e-bill adoption and customer satisfaction, loyalty and profitability for both financial institutions and billers. Yet, despite a growing digital consumer lifestyle, growth of e-billing remains underdeveloped, especially when compared to rates of online bill pay.

Branding 69

Branding Online 69

CFPB Monitor

MARCH 2, 2015

'Barbara S. Mishkin. The House Financial Services Committee will hold a hearing tomorrow, March 3, entitled “The Semi-Annual Report of the Bureau of Consumer Financial Protection” at which Director Cordray is expected to testify. The most recent report was issued in December 2014 and covered the period from April 1 through September 30, 2014. The report itself typically serves only as a backdrop, with Committee members using the hearing as an opportunity to question Director Cordray about item

Report 69

Report 69

South State Correspondent

MARCH 5, 2015

'We often hear banking customers explain that competition is intense for quality (and sometimes even marginal) lending opportunities. Some banks even make fatalistic arguments that community banks cannot compete against life insurance companies or conduit lenders because of price or structure. We do not agree and attempt to prove it every day here at CenterState.

Community Bank 197

Community Bank Lending Community Company 197

Banking 2020

MARCH 2, 2015

'Check usage in the United States has been on the decline for many years, but reliable predictions about the future of the check can be hard to come by. Exaggerations and generalities tend to creep into arguments both for and against their continued existence. Some predict that checks will disappear entirely within a few years; others expect them to continue more or less indefinitely.

United States 60

United States Bitcoin cryptocurrency Payments 60

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In this report, you’ll find a comprehensive analysis of survey responses from executives at banks, credit unions, and insurance companies concerning their organization’s current and future use of automation. The report’s key insights include: Which types of automation are saving organizations the most time and money How to overcome the biggest barriers to automation implementation and adoption Why automation investments will continue to grow over the next few years How much you could save in 202

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ABA Community Banking

MARCH 1, 2015

'Execs starting to take cyber response more seriously Risk Management Blogs Making Sense of it All Security Cyberfraud/ID Theft.

Cyber Security 64

Cyber Security Security Risk Management Management 64

CFPB Monitor

MARCH 5, 2015

'Barbara S. Mishkin. The leaders of four liberal and minority Congressional caucuses have written to Director Cordray to urge the CFPB to adopt “strong protections” for payday loans. The letter was signed by the co-chairs of the Congressional Progressive Caucus and the chairs of the Congressional Hispanic Caucus, Congressional Black Caucus, and Congressional Asian Pacific American Caucus.

Study 65

Study Lending Groups Online 65

Tomorrow's Transactions

MARCH 5, 2015

'Wandering around #MWC15 in Barcelona this year I got involved in a bunch of conversations about Apple Pay, Loop, NFC and so on. But I thought that focus on the physical, in-store interface, could be diverting people away from the central strategic shift to in-app payments. The GSMA very kindly invited me to speak in their mobile payments session at this year’s Mobile World Congress and it was a terrific experience.

Apple 46

Apple Mobile Metro Google 46

Bankelele

MARCH 2, 2015

'President Hifikepunye Pohamba was today announced as the winner of the 2014 Ibrahim Prize for Achievement in African Leadership. The award. Earlier, there was some speculation or expectation, with the announcement being made in Nairobi, that Kenya’s former president Mwai Kibaki might be this year’s winner. The prize panel comprising Salim Ahmed Salim, Martti Ahtisaari Aïcha Bah Diallo, Mohamed ElBaradei, and Graça Machel addressed that in a Q&A session after the announcement w

Leadership 32

Leadership Regional Meeting Examples 32

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As we step into 2024, the lending landscape evolves rapidly with technology, regulations, and market dynamics driving change. For banks and financial institutions to stay competitive and meet the evolving needs of their customers, these drivers must be understood and engaged with. Lenders can anticipate significant transformation fueled by technological advancements, regulatory shifts, and changing consumer behaviors.

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ABA Community Banking

MARCH 4, 2015

'Most likely to turn to primary bank for wealth management Retail Banking Channels.

Retail 63

Retail Management 63

CFPB Monitor

MARCH 5, 2015

'Barbara S. Mishkin. We recently wrote about a new report from the National Consumer Law Center that urges the CFPB to ban the collection of debts on which the statute of limitations has run. In a blog post published last Sunday on the Consumer Law & Policy Blog, Peter A. Holland, a lawyer and consumer advocate, argues that while “banning the sale of time-barred debt is an excellent start,” the CFPB should go even further “and mandate that banks sell only legitimate accou

Policies 65

Policies National System Cards 65

Tomorrow's Transactions

MARCH 3, 2015

'You often hear people at conferences say that it is the data around payments that is the basis for adding value as the payments themselves become commoditised. As Gary Munro from Consult Hyperion points out, this is true for the smallest businesses as well as the biggest. The wonderful people at the Emperia group kindly invited me to chair some sessions at last weeks MPE conference in Berlin, and an excellent conference it was too.

Big Data 45

Big Data Data Conference Bitcoin 45

Money and Payments

MARCH 4, 2015

'This week the European Central Bank (ECB) revisits the subject of virtual currencies (VCS) in a renewed virtual currencies report with a further analysis. I have read the publication with interest to discover that the previous position on the subject essentially remains the same: - virtual currencies don''t come near money or legal tender concepts, - the uptake of virtual currencies is still very limited - the wait and see approach of the ECB will be continued.

Report 28

Report Payments Bitcoin Analysis 28

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.

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ABA Community Banking

MARCH 1, 2015

'Includes $100 rebates, educational materials, “Fraud Squad” visits Payments Cards.

Fraud 59

Fraud Cards Payments 59

CFPB Monitor

MARCH 4, 2015

'Barbara S. Mishkin. A meeting of the CFPB’s Credit Union Advisory Council has been scheduled for. March 12, 2015 at the CFPB’s offices in Washington, D.C The agenda indicates that the Council will discuss financial education and financial capability.

Meeting 60

Meeting Washington 60

Bankelele

FEBRUARY 28, 2015

'In Kenya for the last two years is the GEMS Cambridge School on Magadi Road, just past Galleria Mall. They are part of the 55 year old GEMS network, the largest K-12 school system in the world with 160,000 students and 13,000 teachers at with schools in Dubai, France, US, India, Europe and now in select African countries, offering different systems of education like IB and IGCSE.

System 28

System US 28

The Financial Brand

MARCH 1, 2015

'Ally Bank has built a market-leading online, mobile and tablet banking experience by listening to customers and through continuous testing.

Online 26

Online Mobile Strategy Marketing 26

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Now is the time for lenders to prioritize their digital transformation initiatives in preparation for the lending rebound. Rising competition and ever-increasing customer demands for speed and efficiency are forcing financial institutions to embrace digital transformation. This shift can feel overwhelming—where do you begin? This infographic illustrates automation demands and shows you how loan document automation serves as an essential step to increase profits and provide the best lending exper

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